Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | $0.19 | $0.22 | +15.8% | — | $3.8B | — |
| Q1 26 | $0.19 | $0.18 | -5.3% | — | $3.5B | — |
| Q4 25 | $0.18 | $0.18 | 0.0% | — | $3.1B | — |
| Q3 25 | $0.17 | $0.17 | 0.0% | — | $2.7B | — |
| Q2 25 | $0.13 | $0.13 | 0.0% | — | $2.5B | — |
| Q1 25 | $0.12 | $0.11 | -8.3% | — | $2.3B | — |
| Q4 24 | $0.11 | $0.11 | 0.0% | — | $2.1B | — |
| Q3 24 | $0.1 | $0.11 | +10.0% | — | $2.1B | — |
| Q2 24 | $0.09 | $0.1 | +11.1% | — | $2.1B | — |
| Q1 24 | $0.07 | $0.08 | +14.3% | — | $2B | — |
| Q4 23 | $0.08 | $0.07 | -12.5% | — | $1.7B | — |
| Q3 23 | $0.05 | $0.06 | +20.0% | — | $1.5B | — |
| Q2 23 | $0.05 | $0.05 | 0.0% | — | $1.3B | — |
| Q1 23 | $0.02 | $0.04 | +100.0% | — | $1.1B | — |
| Q4 22 | $0.01 | $0.02 | +100.0% | — | $969.2M | — |
| Q3 22 | $0.01 | $0.01 | 0.0% | — | $802.5M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | $0.59 | — | — | $10.6B | — |
| FY24 | — | $0.41 | — | — | $8.3B | — |
| FY23 | — | $0.22 | — | — | $5.6B | — |
| FY22 | — | -$0.08 | — | — | $3B | — |
| FY21 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208M | $359.5M | $359.9M | $1.1B | $3B | $5.6B | $8.3B | $10.6B |
| YoY change | — | +72.9% | +0.11% | +218.2% | +159.4% | +89.6% | +46.8% | +28.5% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 208M | 359.5M | 359.9M | 1.1B | 3B | 5.6B | 8.3B | 10.6B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 82.4M | 198.1M | 264.5M | 659.9M | 1.4B | 1.1B | 1.4B | 1.6B |
| Operating expenses | 82.4M | 198.1M | 264.5M | 659.9M | 1.4B | 1.1B | 1.4B | 1.6B |
| Operating income | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — |
| Pretax income | -33.4M | -129.3M | -193.2M | -170.2M | -308.9M | 1.5B | 2.8B | 3.9B |
| Income tax | -4.8M | -36.8M | -21.7M | -4.8M | 55.7M | 508.5M | 823.1M | 996.7M |
| Net income | -28.6M | -92.5M | -171.5M | -165.3M | -364.6M | 1B | 2B | 2.9B |
| Net margin | -13.7% | -25.7% | -47.6% | -14.4% | -12.3% | 18.3% | 23.8% | 27% |
| EBITDA | — | — | — | — | — | — | — | — |
| EPS | -0.01 | -0.02 | -0.04 | -0.04 | -0.08 | 0.22 | 0.41 | 0.59 |
| Diluted EPS | -0.01 | -0.02 | -0.04 | -0.04 | -0.08 | 0.21 | 0.4 | 0.58 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.7B | 2B | 2.1B | 2.1B | 2.1B | 2.3B | 2.5B | 2.7B | 3.1B | 3.5B | 3.8B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general & administrative | 279.9M | 332.8M | 362.6M | 367.5M | 375.9M | 333.3M | 311.4M | 378.2M | 385.6M | 536.1M | 539.9M | 669.5M |
| Operating expenses | 279.9M | 332.8M | 362.6M | 367.5M | 375.9M | 333.3M | 311.4M | 378.2M | 385.6M | 536.1M | 539.9M | 669.5M |
| Operating income | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-operating income, net | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | 411.5M | 559.9M | 578.5M | 725.4M | 723.8M | 767.5M | 795.1M | 879.4M | 1.1B | 1.1B | 954.3M | 1.2B |
| Income tax | 108.5M | 199.1M | 199.7M | 238.1M | 170.4M | 214.8M | 237.9M | 242.4M | 333.6M | 182.9M | 82.9M | 175.2M |
| Net income | 303M | 360.9M | 378.8M | 487.3M | 553.4M | 552.6M | 557.2M | 637M | 782.7M | 894.8M | 871.4M | 1.1B |
| Net margin | 20.3% | 21.3% | 19.2% | 23.4% | 26.4% | 26.2% | 24.8% | 25.4% | 28.7% | 28.5% | 24.6% | 28.2% |
| EBITDA | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | 0.06 | — | 0.08 | 0.1 | 0.12 | — | 0.12 | 0.13 | 0.16 | — | 0.18 | 0.22 |
| Diluted EPS | 0.06 | — | 0.08 | 0.1 | 0.11 | — | 0.11 | 0.13 | 0.16 | — | 0.18 | 0.22 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Market cap | — | — | — | 43.2B | 19B | 39.5B | 49.6B | 80.9B | 59.1B |
| Enterprise value | — | — | — | 32.7B | 2.8B | 18.5B | 27.1B | 50B | 49.8B |
| Shares outstanding | 4.6B | 4.6B | 4.6B | 4.6B | 4.7B | 4.7B | 4.8B | 4.8B | 4.8B |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | 38.3 | 25.2 | 28.2 | 18.5 |
| P/S | — | — | — | 37.8 | 6.41 | 7.01 | 6 | 7.61 | 7 |
| P/B | — | — | — | 9.73 | 3.89 | 6.16 | 6.49 | 7.15 | 4.46 |
| EV/Sales | — | — | — | 28.6 | 0.94 | 3.28 | 3.27 | 4.71 | 5.9 |
| Earnings yield | — | — | — | — | — | 2.61% | 3.97% | 3.55% | 5.4% |
| FCF yield | — | — | — | -6.83% | 3.37% | 2.76% | 4.48% | 3.91% | 4.86% |
| PEG | — | — | — | — | — | — | — | — | 0.28 |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 50.2% |
| Net margin | -13.7% | -25.7% | -47.6% | -14.4% | -12.3% | 18.3% | 23.8% | 27% | 42.7% |
| ROE | -9.63% | -15.1% | -39.1% | -3.72% | -7.46% | 16.1% | 25.8% | 25.4% | 31.6% |
| ROA | — | — | — | — | — | — | 3.95% | 3.83% | 4.96% |
| Return on tangible assets | — | — | — | — | — | — | 4.07% | 3.94% | 4.49% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Debt / equity | 0.39 | 0.53 | 0.43 | 0.04 | 0.12 | 0.18 | 0.08 | 0.17 | 0 |
| Debt / assets | — | — | — | — | — | — | 0.01 | 0.03 | 0.02 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 33% | 29.4% | 25.8% | 17.7% |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.05 | 0.08 | 0.08 | 0.25 | 0.64 | 1.19 | 1.73 | 2.2 | 1.74 |
| EPS (basic) | -0.01 | -0.02 | -0.04 | -0.04 | -0.08 | 0.22 | 0.41 | 0.59 | 0.59 |
| EPS (diluted) | -0.01 | -0.02 | -0.04 | -0.04 | -0.08 | 0.21 | 0.4 | 0.58 | 0.66 |
| Book value per share | 0.06 | 0.13 | 0.1 | 0.96 | 1.05 | 1.35 | 1.6 | 2.34 | 2.74 |
| FCF per share | -0 | 0.06 | 0.21 | -0.64 | 0.14 | 0.23 | 0.46 | 0.65 | -0.34 |
| Cash per share | 0.04 | 0.1 | 0.13 | 2.32 | 3.6 | 4.68 | 4.83 | 6.78 | 3.14 |
| Capex per share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Metric | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 2.82% | 0.66% | 0.86% | 0.53% | 0.67% | 0.36% | 0.07% | — | — |
| Capex / operating cash flow | -4.37% | 1.56% | 0.46% | -0.25% | -28.1% | -5.33% | 0.38% | — | — |
| Payout ratio | — | — | — | — | — | — | — | — | 0% |
| — |
| -$0.04 |
| — |
| — |
| $1.1B |
| — |
| FY20 | — | -$0.04 | — | — | $359.9M | — |
| FY19 | — | -$0.02 | — | — | $359.5M | — |
| FY18 | — | -$0.01 | — | — | $208M | — |
| Period |
|---|
| Q3 23 |
|---|
| Q4 23 |
|---|
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $1.5B | $1.7B | $2B | $2.1B | $2.1B | $2.1B | $2.3B | $2.5B | $2.7B | $3.1B | $3.5B | $3.8B |
| YoY change | +86.1% | +74.6% | +79.3% | +55.2% | +40.4% | +24.7% | +13.8% | +20.4% | +30.2% | +48.7% | +57.2% | +50.2% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 201.7M | 439.9M | 603.3M | 10.7B | 16.8B | 22.2B | 23.1B | 32.8B |
| Receivables | 1.6B | 2.8B | 2.9B | 4.8B | 8.2B | 12.4B | 12.3B | 18.3B |
| Inventory | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — |
| Property, plant & equipment | 6.7M | 25.9M | 20.5M | 20.5M | 46.5M | 69.8M | 46.2M | 49.8M |
| Goodwill & intangibles | 1M | 2.2M | 26.4M | 948.4M | 1.2B | 1.4B | 1.5B | 2B |
| Total assets | — | — | — | — | — | — | 49.9B | 74.9B |
| Accounts payable | 1.7B | 3B | 3.3B | 4.9B | 7.1B | 9.8B | 9.3B | 13.6B |
| Short-term debt | — | — | — | — | 38.3M | 113.6M | 222.9M | 1.6B |
| Total current liabilities | — | — | — | — | — | — | — | — |
| Long-term debt | 115.4M | 322M | 189.2M | 164.9M | 567.6M | 1.1B | 355.1M | 299M |
| Total liabilities | — | — | — | — | — | — | 42.3B | 63.6B |
| Shareholders' equity | 296.7M | 612.3M | 438.1M | 4.4B | 4.9B | 6.4B | 7.6B | 11.3B |
| Total debt | 115.4M | 322M | 189.2M | 164.9M | 605.9M | 1.2B | 578M | 1.9B |
| Net debt | -86.2M | -117.9M | -414.1M | -2.4B | -6.3B | -12.2B | -13.1B | -19B |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 17.7B | 22.2B | 21.8B | 21.8B | 23.3B | 23.1B | 24.3B | 27.5B | 28.5B | 32.8B | 30.3B | 33.3B |
| Receivables | 10.5B | 12.4B | 12.8B | 12B | 12.7B | 12.3B | 13.5B | 15.1B | 16.8B | 18.3B | 20.2B | 21.5B |
| Inventory | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | — | — | — | — | — | — | — | — | — | — | — |
| Property, plant & equipment | 62M | 69.8M | 65.5M | 56.2M | 53.5M | 46.2M | 46.1M | 46.7M | 45.8M | 49.8M | 75.2M | 105.3M |
| Goodwill & intangibles | 1.4B | 1.4B | 1.4B | 1.4B | 1.6B | 1.5B | 1.7B | 1.8B | 2B | 2B | 2.2B | 2.3B |
| Total assets | — | — | 43.8B | 44.8B | 48.6B | 49.9B | 54.2B | 62.7B | 68.4B | 74.9B | 77.5B | 82.8B |
| Accounts payable | 7.8B | 9.8B | 9.6B | 8.9B | 8.6B | 9.3B | 10.1B | 11.2B | 12B | 13.6B | 14.4B | 15.5B |
| Short-term debt | 86M | 113.6M | 97.9M | 252.7M | 217.1M | 222.9M | 351.5M | 545.9M | 1B | 1.6B | 1.9B | 1.9B |
| Total current liabilities | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | 1B | 1.1B | 856M | 576.9M | 312.3M | 355.1M | 26.7M | 27.5M | 27.1M | 299M | 49.4M | 66.4M |
| Total liabilities | — | — | 37B | 37.9B | 41B | 42.3B | 45.6B | 53.2B | 57.8B | 63.6B | 64.9B | 69.5B |
| Shareholders' equity | 5.9B | 6.4B | 6.8B | 6.9B | 7.6B | 7.6B | 8.6B | 9.6B | 10.6B | 11.3B | 12.6B | 13.3B |
| Total debt | 1.1B | 1.2B | 953.8M | 829.7M | 529.4M | 578M | 378.2M | 573.5M | 1.1B | 1.9B | 1.9B | 1.9B |
| Net debt | -7.9B | -12.2B | -12.1B | -12.8B | -11.8B | -13.1B | -14.6B | -16.6B | -16.3B | -19B | -17.5B | -17.7B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Net income | -28.6M | -92.5M | -171.5M | -165.3M | -364.6M | 1B | 2B | 2.9B |
| Depreciation & amortization | 1.1M | 5.1M | 7.4M | 17.3M | 35.6M | 62.9M | 77.1M | 98M |
| Stock-based compensation | 9.3M | 18.5M | 35.6M | 157.3M | 253.2M | 212.6M | 272.4M | 271.8M |
| Change in working capital | -127M | 236.3M | 797.2M | -2.2B | 27.3M | -1.2B | -371M | -777.5M |
| Operating cash flow | -134.5M | 152.1M | 664.4M | -2.4B | -71.1M | -379.7M | 1.4B | 3.5B |
| Capital expenditure | -5.9M | -2.4M | -3.1M | -6M | -20M | -20.2M | -5.4M | — |
| Investing cash flow | -5.9M | -2.4M | -11.4M | -131.7M | -32.8M | -20.2M | -161.1M | -1.5M |
| Dividends paid | — | — | — | — | — | — | — | — |
| Share repurchases | -695K | -3.8M | -15K | -4.6M | 0 | 0 | — | — |
| Financing cash flow | 253.1M | 605.4M | 230.7M | 3.3B | 649.5M | 416.1M | 722.2M | 2.3B |
| Net change in cash | 112.7M | 755.1M | 883.7M | 799.1M | 545.6M | 16.1M | 2B | 5.8B |
| Free cash flow | -11.8M | 271.5M | 966.5M | -3B | 641.3M | 1.1B | 2.2B | 3.2B |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 303M | 360.9M | 378.8M | 487.3M | 553.4M | 552.6M | 557.2M | 637M | 782.7M | 894.8M | 871.4M | 1.1B |
| Depreciation & amortization | 19.2M | 16.5M | 18.5M | 18.3M | 19.3M | 21.1M | 21.3M | 23.1M | 25.6M | 28M | 34.4M | 42.4M |
| Stock-based compensation | 52.1M | 43.6M | 78.6M | 80.2M | 65.9M | 47.6M | 77.8M | 57.1M | 73.7M | 63.3M | 82.4M | 134.4M |
| Change in working capital | -4.3B | 1.9B | 406.1M | 1.4B | -482.6M | -829.5M | 2.3B | 256M | -2.3B | -1.1B | 515.8M | -4.3B |
| Operating cash flow | -4.1B | 2.1B | 716M | 1.9B | 74.1M | -329.1M | 3.2B | 2.6B | -970.6M | 831M | -1.2B | -28.1M |
| Capital expenditure | -4M | -4.8M | -210K | 3.6M | -1.1M | -7.7M | -2.4M | — | — | — | — | — |
| Investing cash flow | -4M | -4.8M | -210K | 3.6M | -1.1M | -7.7M | -1.3M | — | — | -1.5M | 0 | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | 326.2M | 8.8M | 256.4M | 459M | -313M | 319.8M | -169.6M | 433.9M | 739.9M | 1.3B | -80.1M | 149.4M |
| Net change in cash | -3.7B | 2.1B | 972.2M | 2.3B | -240.1M | -17.1M | 3B | 3B | -230.7M | 2.1B | -1.3B | 121.3M |
| Free cash flow | -3.3B | 2.7B | -597.4M | 2.7B | -1.1B | 1.3B | 1B | 2.5B | -1.1B | 768.4M | -1.3B | -53.3M |